Tax & Legal Day 1

Knowledge is the key to keeping what you make, and these tips will guide you to the best tax & legal decisions for your business.


Mark Kohler

Mark is an Attorney, CPA, National speaker, Radio Show host, and Best Selling Author. His newest book is titled: The Business Owner’s Guide to Financial Freedom – What Wall Street Isn’t Telling You. Mark also publishes an E-newsletter, is a contributor and Blogger for Mark practices as a senior partner at the law firm Kyler Kohler Ostermiller & Sorenson, LLP¸ and is  a senior and founding partner in the accounting firm Kohler & Eyre, CPAs, LLC. 


" One of our most popular courses by far, CPA/Attorney Mark Kohler will blow your mind with new strategies for maximizing your cashflow by minimizing what you pay in taxes. Be prepared and protected! This course covers planning, protection, deductions, entities and assets. Learn everything from the foundational tax and legal strategies, to determining how and when you should form a business, and how to turn that business into a cornerstone of your wealth management program. Learn how to legally move from taking 5-15 typical deductions to taking advantage of over 450 expenses and deductions as a business owner. Small business drives more than 70% of the US economy, as a small business owner you are entitled to take advantage of many of the same (and often more) tax strategies than Big Business. Isn’t it your turn to pay less and spend more? Over two days you will explore how to legally pay your children, how to maximize contributions to retirement accounts, how to protect your assets for the long term, and learn why everyone needs to buy at least one investment property per year. High energy and high impact, Mark will show you how he manages his cashflow to pay the US government as little as possible and how you can too. Discussions will include small business basics, choice of entity and options, rental real estate and advance sale of property tax strategies, and asset protection.  Sit back, hold on and take notes, as Mark shares over 100 individual strategies for wealth accumulation and investing success.

  • 1


    This Pre-Assessment is to raise awareness of your current knowledge level and give you a glimpse of the information covered in this course.

  • 2

    Instructor Intro and Update Expectations

    Instructor Mark Kohler introduces himself to the live studio audience and those at home. This course will be very thorough, with meaningful content for everyone from new business owners to real estate tycoons.

  • 3

    Instructor Intro II

    The instructor shares more of his credentials and tells the audience how this course will allow them to shape a better future through wise financial decisions.

  • Show all 34 segments

    • 4

      Real Wealth

      Mark points out the key factors that make up “real wealth” and how it is possible to be wealthy no matter what your income happens to be.

    • 5

      Goal Setting

      The instructor stresses the importance of creating a 10-year plan to better navigate your financial future. Know what you want out of life and begin planning how you can get there.

    • 6

      Goal Setting II

      Are you prepared to begin to work on those goals? Mark discusses the three “houses” you should have in order before working on your 10-year plan.

    • 7

      Getting Out of Debt and the Emergency Fund

      Mark lays out the foundation for ways that you can begin to get out of debt, how much money you should have in emergency reserve and how you can use a money market account to generate interest on those reserve funds.

    • 8

      Optimizing Your Business

      Understand what it means to optimize your business and generate more cash flow. Mark also shows the audience how they can incorporate their business into their 10-year plan.

    • 9

      Question and Answer

      Mark answers some questions regarding LLCs and business partnerships.

    • 10

      Optimizing Your Business II

      This segment goes over how to set up a board or directors and how your board can help hold you accountable to stay on track and reach your goals.

    • 11

      Question and Answer

      Mark answers an audience question about the requirements of setting up an LLC.

    • 12

      Board of Advisors Meeting

      Learn how to set up your board of advisors meeting, how to make it official, and how to get the most value out of your current and future meetings with your board.

    • 13

      Design and Implement Proper Plans

      The instructor gives an overview of some of the plans you need to have for your business: a business plan, a strategic plan and marketing plan.

    • 14

      Short Term Vs. Long Term

      This segment highlights both short and long-term income and how each one can impact you, both positively and negatively, from a tax perspective.

    • 15

      Question and Answer

      The audience asks Mark about topics such as: S-corporation and LLC differences, short-term rentals and converting a personal residence into a rental.

    • 16

      Ordinary Income Entities

      Mark discusses ordinary income entities including general partnerships, sole proprietorships, S and C-corporations and how they might differ from one another.

    • 17

      Question and Answer

      The instructor answers audience questions concerning LLCs and business partnerships.

    • 18

      Domestication and Deduction

      Why is bringing your LLC to your home state so beneficial? It may help you win a potential lawsuit.

    • 19

      Tax Changes and Strategy

      Check out some of the changes made since the Tax Cuts and Jobs act was signed into law and learn how this can affect small business owners.

    • 20

      Tax Changes and Structuring

      In this clip, Mark highlights the 199A deduction and how business qualify to receive this deduction. In addition, Mark shows the audience how they can best structure their business entities.

    • 21

      Write-offs and Bookkeeping

      Do you know what write-offs are available for business owners? Mark had a client who struggled with bookkeeping but Mark and his firm were able to turn a negative situation into a positive one.

    • 22

      Mistakes to Avoid

      How can you better avoid getting into trouble with the IRS? Mark will show you some common mistakes that you should avoid when filing your taxes.

    • 23

      Potential deductions

      There is no list at the IRS that says what is or isn’t a write off. Mark lists a few unconventional strategies to write off more products and services for your business.

    • 24

      Potential deductions II

      In the new Tax Cuts and Jobs Act, entertainment is no longer considered a write-off. However, there are ways to deduct other expenses from your business and save money.

    • 25

      Potential Deductions III

      Mark begins this segment with a personal story about how he was able to convince a friend to write-off his hobby. Mark also provides some additional tips and personal stories about taking tax deductions on travel expenses.

    • 26

      Potential Deductions IV

      Mark covers some deductions you can take on your home office, travel and auto.

    • 27

      Potential Deductions V

      Mark answers some audience questions about different vehicle modifications and if they are considered a write-off, as well as technicalities that might appear as a red flag to an IRS agent.

    • 28

      Deductions Final Thoughts

      Understand how this class can help accountants to help you. Mark tells a personal story about some clients who have generated enough income to last them the rest of their lives.

    • 29

      Family on Payroll

      Mark shares some strategies to get the entire family involved in the family business and how it can be a great write-off at the same time.

    • 30

      Family on Payroll II

      This segment contains in-depth information about how to hire your children and get them on payroll to receive some serious tax deductions.

    • 31

      Family on Payroll III

      Mark brings it all together when you set up a Roth IRA for your children which can then be used to partner with new LLCs. Also, Mark covers some important information about tax forms and returns for your children.

    • 32

      Family on Payroll IV

      As a grandparent, can you get your grandchildren involved in the family business? Mark explains step-by-step the actions you need to take, as well as how you can maximize your deductions at the same time.

    • 33

      Final Action Items

      Mark wraps up Day 1 with some important things to remember, such as getting a tax consult every year and why you should ask for an extension on your tax return.

    • 34


      This Post-Assessment is to measure your increased knowledge and see how much information you have retained from the course.

  • 34


    This Post-Assessment is to measure your increased knowledge and see how much information you have retained from the course.